Ethereum picks up the baton with a push on $3,000

ETHEREUM, the original smart contracts crypto, is up 4% overnight as its price nears $3,000, currently trading for $2,912.

Bitcoin is up 1.3%, and changing hands for $52,300. 

Most of the large-caps are in the green today, notably Solana (+3%) and Polygon (5%). 

The Fear and Greed Index continues to point to Greed in the markets, but the Relative Strength Index (RSI) has calmed somewhat from last week’s overbought position. 

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In the Markets

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Total crypto market cap

$1.96 trillion (+0.15%)

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What Bitcoin did yesterday

 Daily high $52,350 |  Daily low $51,199

Bitcoin market capitalisation

$1.029 trillion (+1.56%)

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Bitcoin volume

$19.217 billion (-11.77%)

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SP500

-0.48%

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Fear and Greed Index

75 (Greed) 

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Bitcoin’s market dominance

53.31

The Bitcoin Market Dominance indicator measures the percentage of total cryptocurrency market capitalisation represented by Bitcoin at a given time.

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Relative Strength Index (RSI)

53.99

Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in price, while 30 or below indicates an oversold or undervalued condition.

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Post Script…

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Cautionary Notes

It’s definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.